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by apostate
4371 days ago
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Perhaps regulating a cap is better than banning the practice outright. If the max price is equal to the minutes left on the meter * fare per minute, the seller will never get back more than they put in. They will just be selling back the unused minutes, which can be useful if someone puts a few hours on the meter because they don't know how long they will need it. This would prevent scalping, and if parking is considered a public good, it will bring the minutes paid for / minutes used ratio closer to 1, which should be the goal. I understand that it's probably not the goal of the app creators, but it is a reasonable compromise. Of course, this type of efficiency means more social benefit and lower revenues for the city, so that's not likely to happen. |
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Regulating badly is usually worse than not regulating at all.